Monthly Archives: March 2009
High-flying fundraisers who saw nothing wrong
Guardian Unlimited – Andres Piedrahita, a London-based fundraiser for Bernie Madoff’s fraudulent empire, is among high society figures facing increasing pressure to explain how they missed warning signs around the disgraced hedge fund manager. Piedrahita, who has homes in Belgravia, […]
Hedge funds to jump at toxic asset loans
Stuff – Wealth managers at Citi are telling their clients to watch for a burst of hedge fund activity in bad assets. The wealth investor says in its most recent note that the biggest opportunity for hedge funds is probably around […]
Solon-based Agilysys settles dispute with hedge fund operator
The Plain Dealer – Solon software company Agilysys Inc. has settled its differences with New York hedge fund operator and investor Ramius LLC by appointing two Ramius associates to its board of directors. The action, which Agilysys announced this week, […]
Should Jon Stewart Be The Financial Journalist Who Exposes TheStreet.com’s Jim Cramer?
Market Rap – On his program, Jon Stewart played a Jim Cramer video from "Wall Street Confidential" done for the internet in 2006, where Cramer admitted to spreading rumors and manipulating markets as part of the "game". It was a […]
For Laid-Off Singapore Expats, Home Is Where They’re Hiring
Time – On the northern fringe of Singapore, overlooking the slate-gray waters of the Johor Straits, the public-housing estate where Anthony Fulwood lives is so far from the city’s affluent expatriate enclaves that cab drivers are stunned when he announces […]
Survey: Investors gloomy over hedge funds
Norwalk Advocate – It could be six months to a year before major investors start pumping money back into the market, according to a survey by Quinnipiac University and Greenwich Roundtable, which represents hedge fund investors who control or manage […]
Study Finds Few Hedge Funds Pocket Mythical ‘2 and 20’
The Wall Street Journal reports that the head of the Utah Retirement System is taking a stand on what he says are unfair hedge fund fees. As the Journal reports, Utah’s Larry Powell has extracted “better fees” from 10 of […]
Madoff Jailed After Guilty Plea
New York (Hedgeco.Net) – Bernard Madoff was finally promoted from house arrest to maximum security prison, after pleading guilty to the largest Ponzi scheme in history. Madoff, who swindled an estimated $65 billion out of the most elite investors, could […]
CBS Coverage Offers Protection for Hedge Funds
HedgeCo.Net – The "post-Madoff era" and the litigious society in which firms operate today have presented many operational risks that are beyond control. Managers are not getting paid to take those risks and the consequences can be devastating. Regulatory investigations […]
db x-trackers Launches First Hedge Fund ETF
IndexUniverse.com – Two new db x-trackers ETFs were admitted to trading on the Deutsche Boerse Xetra platform on Wednesday, one tracking a Deutsche Bank hedge fund index, and the other tracking the Russell 2000 Index. The db x-trackers db Hedge Fund Index ETF (ISIN: LU0328476337) […]
Ex-Goldman, Putnam managers to start hedge fund
InvestmentNews – Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC. The firm, Vernon Square Capital LLC, is developing […]